The American people long have had a “love affair” with cars.
Our cars take us to our jobs, schools and stores. They give us freedom of movement whenever we want it, with heat in winter and air conditioning in summer. And we enjoy our cars’ fancy styling and horsepower. Huddn-huddn!
These are some of the reasons the American automobile companies — and foreign car companies, too — are such a major part of our economy.
In many ways, car sales are a pretty good “thermometer” reflecting the “temperature” of our whole economy. When car sales are up, so are almost all other kinds of businesses. But when car sales lag, most finances tend to lag, too.
It’s no secret these days that car sales are lagging, down about 10 percent.